CARIF Market News - Page 5 of 29

Cuba partners with China to install seven PV parks
January 9, 2025
Cuba has signed an agreement with China to install seven 5 MW photovoltaic parks across six provinces. The project will save 18,000 tons of fuel annually, equating to a savings of US$7 million. This is part of Cuba’s broader plan to install 92 solar parks by 2028, aiming for 24% renewable energy penetration by 2030. […]
Grenada issues RFQ for 15.1 MWp solar project at Maurice Bishop International Airport
January 9, 2025
Grenada’s Public Utilities Regulatory Commission (PURC) has issued a Request for Qualifications (RFQ) for a 15.1 MWp solar project at Maurice Bishop International Airport. The project, aimed at advancing the island’s energy transition, involves three separate solar plants integrated into the national grid through Grenada Electricity Services Ltd. (Grenlec). The selected bidder will sign a […]
Guyana achieves 98.3% potable water through major infrastructure investments
January 9, 2025
Guyana has successfully increased access to potable water, with 98.3% of its population now able to access clean water. This progress is the result of significant investments in water infrastructure, including the construction of treatment plants, water wells, and treatment upgrades. Source: Magnetic Media TV
Nevis achieves milestone with solar-powered desalination plant enhancing water security
December 19, 2024
The Nevis Island Administration (NIA) has connected a solar-powered desalination plant to the water grid, providing up to 60,000 gallons of treated water daily to residents between Butlers and Potworks. The project, supported by the UAE Caribbean Renewable Energy Fund, aims to improve water security. While not solving all water issues, the initiative marks a […]
CELIA consortium launches high-capacity submarine cable to enhance Caribbean connectivity
December 6, 2024
The CELIA consortium has launched a new high-capacity submarine fiber optic cable, connecting key Caribbean locations and Florida. Spanning over 3,700 km, the cable will provide an initial estimated capacity of over 170 terabits per second and support increased digital demand in the region. Expected to go live in 2027, CELIA will enhance connectivity, ensuring […]
CAF study reveals infrastructure gaps and urges climate-resilient investments for the Caribbean
December 6, 2024
A study by CAF has identified significant infrastructure deficiencies across 15 Caribbean nations, underlining the urgent need for climate-resilient investments. The findings highlight the region’s vulnerability to climate change impacts, which exacerbate challenges in building resilience against environmental shocks. Source: Caribbean Loop News
Trinidad and Tobago launches wind resource assessment for future wind energy deployment
December 6, 2024
Trinidad and Tobago has initiated the onshore “Wind Resource Assessment Programme (WRAP)” by deploying Light Detection and Ranging (LiDAR) devices at Orange Valley and Galeota to measure wind data for the next 12-18 months. This project marks the first step towards wind energy development in the country. The successful deployment follows a consultancy supported by […]
Jamaica awards large-scale solar projects to Wigton Energy and SunTerra Energy
December 6, 2024
Wigton Energy and SunTerra Energy Jamaica have won bids to develop large-scale solar projects in Jamaica following a 100 MW renewables tender held in 2023. Wigton Energy will build a 49.83 MW plant in Clarendon, while SunTerra Energy will construct a 50 MW plant in Trelawny. Both companies will own, operate, and negotiate power purchase […]
The Government of the Virgin Islands secures loan from CIBC for infrastructure development
November 7, 2024
The Government of the Virgin Islands has secured a US$100 million loan from CIBC First Caribbean to support critical infrastructure development. Source: BVI